TRON Collaborates with Japan Cryptoasset Business Association (JCBA)

Geneva, Switzerland - August 16, 2023 - Leading global blockchain platform TRON DAO ("TRON") has officially become an associate member of the Japan Cryptoasset Business Association ("JCBA") as of August 1, 2023. This partnership signals TRON's dedication to fostering cooperation within the crypto industry and promoting its growth across Japan and Asia. The JCBA, established in 2016, serves as a hub for stakeholders in the Web3 ecosystem. Its mission revolves around cultivating a conducive environment for the advancement of digital assets, including cryptocurrencies, non-fungible tokens (NFTs), and stablecoins. Currently, JCBA boasts a membership of 134 entities from both Web3 and traditional sectors, spanning Japan and international territories. TRON's entry into JCBA's associate membership aligns with its strategic vision of closely collaborating with the Japanese market. The objective is to contribute to JCBA's objectives while leveraging TRON's efficient network and expansive userbase. TRON DAO, founded in September 2017 by H.E. Justin Sun, is an influential community-governed DAO dedicated to propelling internet decentralization through blockchain technology and decentralized applications (dApps). Since its MainNet launch in May 2018, the TRON network has achieved remarkable milestones. The integration of BitTorrent in July 2018, a pioneering decentralized Web3 service with over 100 million monthly active users, further solidified TRON's position. As of August 2023, TRON's blockchain boasts more than 179.07 million total user accounts, over 6.26 billion total transactions, and a total value locked (TVL) of $13.01 billion, as reported on TRONSCAN. TRON has also made significant strides in stablecoin adoption, housing the largest circulating supply of USD Tether (USDT) globally, surpassing the Ethereum network since April 2021. Achieving full decentralization in December 2021, TRON transformed into a community-governed DAO. Notably, TRON earned the distinction of becoming the national blockchain for the Commonwealth of Dominica in October 2022, marking a historic partnership between a major public blockchain and a sovereign nation for the development of national blockchain infrastructure. JCBA's embrace of TRON as an associate member further cements the platform's influence and underscores its role in shaping the global crypto landscape. This collaboration is poised to strengthen the ties between TRON and the Japanese market, contributing to the realization of JCBA's vision for a thriving crypto ecosystem. TRON's participation in JCBA signifies an important step toward achieving greater legal clarity and regulatory cooperation in the crypto industry. As both entities work in concert, the broader implications for TRON's growth and its impact on the evolution of digital assets will undoubtedly be closely watched by industry participants and observers alike.